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The He Super Clays and Minerals Mining Company (Private) Limited (Acquisition of Undertakings) Act, 1983

The He Super Clays and Minerals Mining Company (Private) Limited (Acquisition of Undertakings) Act, 1983

Corporate198334 sections7 chapters

This Act provides for the acquisition and transfer of the undertakings of the Super Clays and Minerals Mining Company (Private) Limited. The legislation was enacted because the company had ceased production of china clay, a material essential to the state's economy, and was unable to pay its workers. To protect public interests and ensure the continued supply of this vital resource, the government takes over the company's assets and operations. By vesting these undertakings in the state, the Act aims to resolve the crisis, restore employment, and guarantee that the production and distribution of china clay remain uninterrupted for the benefit of the general public.

Start reading →Read full ActSections

Chapter I PRELIMINARY →

  1. 1Short title and commencement.
  2. 2Definitions.

Chapter II ACQUISITION AND TRANSFER OF THE UNDERTAKINGS OF THE →

  1. 3Transfer and vesting in the Government of the undertakings of the
  2. 4General effect of vesting.
  3. 5Government not to be liable for certain prior liabilities.
  4. 6Company.

Chapter III PAYMENT OF AMOUNTS →

  1. 7Payment of amount.

Chapter IV MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE COMPANY →

  1. 8Management, etc., of the undertakings of the Company.
  2. 9Duty of persons in charge of management of the undertakings of the
  3. 10Duty of persons to account for assets, etc., in their possession.
  4. 11Accounts.

Chapter V PROVISIONS RELATING TO THE EMPLOYEES OF THE COMPANY →

  1. 12Continuance of employees.
  2. 13Provident fund and other funds.

Chapter VI COMMISSIONER OF PAYMENTS →

  1. 14Appointment of Commissioner of Payments.
  2. 15Payment by Government to the Commissioner.
  3. 16Government after settlement of the claims.
  4. 17Claims to be made to the Commissioner.
  5. 18Examination and admission or rejection of claims.
  6. 19Power of Commissioner to regulate his procedure, etc.
  7. 20Appeal by claimants.
  8. 21Disbursement of money by the Commissioner to claimants.
  9. 22Disposal of the balance amount.
  10. 23Right of Government to retain machinery, equipment, etc., not belonging to the Company
  11. 24Undisbursed or unclaimed amount to be deposited to the general revenue account

Chapter VII MISCELLANEOUS →

  1. 25Act to have overriding effect.
  2. 26Penalties.
  3. 27Offences by companies.
  4. 28Protection of action taken in good faith.
  5. 29Delegation of powers.
  6. 30Power to make rules.
  7. 31Power to remove difficulties.
  8. 32Repeal and saving.

PDF: pending for this language.